Calculate the average rate of return for project
Determine the average rate of return for project that is estimated to yield total income of $400,000 over four years, cost $720,000 and has $70,000 residual value. Round your answer to one decimal place.
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Determine the average rate of return for project that is estimated to yield total income of $400,000 over four years, cost $720,000 and has $70,000 residual value.
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